Trade-Based Money Laundering

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dc.contributor.author Fakih, Mahmoud
dc.date.accessioned 2022-08-10T10:59:50Z
dc.date.available 2022-08-10T10:59:50Z
dc.date.copyright 2022 en_US
dc.date.issued 2022-09-05
dc.identifier.uri http://hdl.handle.net/10725/13920
dc.description.abstract Being a Certified Anti-Money Laundering Specialist since 2016, and an expert in combatting money laundering and terrorist financing for a period exceeding 9 years, where I worked in three Alfa banks in Lebanon (BLOM, Bankmed, and Creditbank); and considering my current position as Head of Legal Compliance at Creditbank sal, I prepared this thesis on the trends and developments of Trade-based Money Laundering (TBML) and the related risks and challenges faced by the banking sector. As one of the basic methods in the money laundering and terrorist financing framework, this study aims to identify and explore the methods used in TBML. We will highlight on how criminals are using TBML to conceal the features of their crime within routine transactions that result from commercial activities and international trade in its various aspects and forms. TBML happens in countless ways where the criminals have access to the financial institutions, particularly, the banking sector, and are able to hide the source of their funds and make it appear as legitimate. On the other hand, we will focus on the difficulties faced by the banking sector in combating this type of money laundering and the gaps that the criminals exploit to launder their proceeds through international trade. We will also shed the light on the international legislations and laws, global recommendations, exchange of information between countries, and policies and procedures adopted by the banks, in order to limit the expansion of TBML. The main objective of this study is to give a comprehensive idea about the concept of TBML and spreading the knowledge and increasing cultural awareness regarding the risks that this crime could pose, and to find modern and effective ways to fight it. In my research, I relied on live interviews with specialists in combating money laundering and terrorist financing, and on several real cases that took place in the banking sector. en_US
dc.language.iso en en_US
dc.subject Money laundering -- Law and legislation -- Lebanon en_US
dc.subject Money laundering -- Lebanon -- Prevention en_US
dc.subject Terrorism -- Lebanon -- Finance -- Prevention en_US
dc.subject Banks and banking -- Risk management -- Lebanon en_US
dc.subject Lebanese American University -- Dissertations en_US
dc.subject Dissertations, Academic en_US
dc.title Trade-Based Money Laundering en_US
dc.type Thesis en_US
dc.title.subtitle Trends, Developments and Challenges in Banking Institutions en_US
dc.term.submitted Spring en_US
dc.author.degree Master of Laws (LLM) en_US
dc.author.school SOB en_US
dc.author.idnumber 202000006 en_US
dc.author.commembers Kassar, Abdul-Nasser
dc.author.commembers Tarhini, Abbas
dc.author.department N/A en_US
dc.description.physdesc 1 online resource (xi, 83 leaves) en_US
dc.author.advisor Melki, William
dc.keywords TBML en_US
dc.keywords AML/CFT en_US
dc.keywords Sanctions en_US
dc.keywords Monitoring en_US
dc.keywords Screening en_US
dc.keywords Correspondent Banks en_US
dc.keywords KYC en_US
dc.keywords Customer Due Diligence en_US
dc.keywords Data mining en_US
dc.keywords Training en_US
dc.keywords FIU en_US
dc.keywords Investigations en_US
dc.keywords FinTech en_US
dc.description.bibliographiccitations Includes bibliographical references (leaf 81-83). en_US
dc.identifier.doi https://doi.org/10.26756/th.2022.407
dc.author.email mahmoud.fakih01@lau.edu en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php en_US
dc.publisher.institution Lebanese American University en_US
dc.author.affiliation Lebanese American University en_US

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